SINGAPORE, 31 DEC 2009 - Neoteny Labs is pleased to announce that it has been selected as one of seven technology incubators to participate in the S$50 million National Research Foundation (NRF) Technology Incubation Scheme (TIS).
The recent successes of global platforms such as Facebook, Twitter, Apple iPhone and Google Android, coupled with the advent of the Internet, open standards and advanced software development methodologies such as Agile, have significantly lowered the cost of product development while accelerating the pace of innovation. Entrepreneurs innovating on the Internet are now able to bootstrap with less and get further along than before.
Founded by entrepreneur and venture capitalist Joichi Ito, Neoteny Labs intends to harness these trends in the course of incubating and investing in early-stage startups across Asia, and has selected Singapore to set up its first incubator. The incubator is on track to commence operations in Q1 2010.
“Singapore – with its multi-lingual, multi-cultural society and pro-talent and pro-business government policies – is perfectly positioned,” said Mr. Ito. “We are firmly committed to building an ʻInnovation Ecosystemʼ that will trigger a critical mass of investors and entrepreneurs focusing on Singapore as a leading entrepreneur hub in Asia. This will in
turn spur the growth of technology commercialization in Singapore.”
-END-
11 Comments
Pingback by Tweets that mention Neoteny Labs selected for NRF TIS - Neoteny Labs -- Topsy.com — December 31, 2009 @ 2:21 am
[...] This post was mentioned on Twitter by Michael S Galpert, Joi Ito and topsy_top20k, topsy_top20k_en. topsy_top20k_en said: Congrats @joi RT @seanbonner: Neoteny Labs selected for NEF TIS grant in Singapore! http://bit.ly/7lSD3M [...]
Trackback by uberVU - social comments — December 31, 2009 @ 5:12 am
Social comments and analytics for this post…
This post was mentioned on Twitter by msg: Congrats @joi RT @seanbonner: Neoteny Labs selected for NEF TIS grant in Singapore! http://bit.ly/7lSD3M...
Pingback by Twitted by gohsuket — December 31, 2009 @ 12:20 pm
[...] This post was Twitted by gohsuket [...]
Pingback by Neoteny Labs to set up incubator in Singapore | Infocomm Investments — February 3, 2010 @ 11:21 am
[...] Read more [...]
Comment by msg — December 31, 2009 @ 1:07 am
Congrats @joi RT @seanbonner: Neoteny Labs selected for NEF TIS grant in Singapore! http://bit.ly/7lSD3M
This comment was originally posted on Twitter
Comment by Joi — December 31, 2009 @ 2:20 am
Singapore NRF TIS proposal approved http://bit.ly/4QZTy1 Just have to finish the fund. ETA Feb 1. Watch this space for more details soon.
This comment was originally posted on Twitter
Comment by habibh — December 31, 2009 @ 2:25 am
So cool, mabrouk :) RT @Joi Singapore NRF TIS proposal approved http://bit.ly/4QZTy1 Just hv 2 finish the fund.ETA Feb 1.Watch this space…
This comment was originally posted on Twitter
Comment by abdulhaykal — December 31, 2009 @ 2:27 am
Mabrook :-) RT @Joi: Singapore NRF TIS proposal approved http://bit.ly/4QZTy1 Just have to finish the fund. ETA Feb 1.
This comment was originally posted on Twitter
Comment by Wireless_Watch — January 5, 2010 @ 4:55 pm
Neoteny Labs selected to participate in S$50 million S’pore National Research Foundation Technology Incubation Scheme – http://bit.ly/7EnDMT
This comment was originally posted on Twitter
Comment by Wireless_Watch — January 5, 2010 @ 6:12 pm
Neoteny Labs selected to participate in $550 million S’pore National Research Foundation Technology Incubation Scheme – http://bit.ly/7EnDMT
This comment was originally posted on Twitter
Comment by iPayStation — January 5, 2010 @ 6:47 pm
Neoteny Labs selected 2 participate in $550 million S’pore National Research Foundation Technology Incubation Scheme – http://bit.ly/7EnDMT
This comment was originally posted on Twitter
RSS feed for comments on this post. TrackBack URL
Leave a comment